EMI Calculator

Calculate Car,Two Wheeler and other auto loan EMI monthly repayments easily at AwtoBazar's online EMI Calculator

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Frequently Asked Questions

EMI Calculator helps you to calculate online monthly EMI repayments for car loan,two wheeler loan and other auto loans with ease at AwtoBazar

How to Calculate EMI  →

  1. Enter Principal Loan Amount
  2. Select Interest Rate
  3. Select Loan Tenure
  4. Get EMI Summary

EMI is the Equated Monthly Installment amount paid to the Bank or Financial Institutions against the loan which is to be repaid over the tenure of the loan on a monthly basis.

Matematically, EMI Formula is :

E = P x R x (1+R)^N / [(1+R)^N-1]

P = Principal amount of the loan

R = Rate of interest

N = Number of monthly instalments.

• Online calculator saves time and energy over manual method

• Gets quick results

• Gives accurate results

• Helps to plan the loan amount needed

National Automated Clearing House (NACH)/ECS mandate can be used to repay EMIs to debit automatically from your bank account at the end of the month

The most auto loans i.e cars,bikes etc.. tenures in India ranging from 1 to 5 years while some lenders offers tenure upto 7 years or 84 months

If you fail to pay your EMI's the financial institutions may charge you extra via Penalties in the future and it could impact your credit score.

Disclaimer : * The calculations performed by online EMI Calculator is based on the information you entered and is for indicative purposes only.The Estimated monthly repayments DOES NOT include any processing or other fees which may depends on the Banks and Financial Institutions.

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English हिन्दी ಕನ್ನಡ मराठी தமிழ் తెలుగు
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